Martha Connerton Kinetic Works Inc

Analysis

Martha Connerton Kinetic Works Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Martha Connerton Kinetic Works Inc reported income of $70k and spending of $77k, spending 109% of what it took in. Across the 2 years on record, from August 2023 to August 2024, income fell from $75k to $70k (-5.9%), an average of -5.9% a year. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Martha Connerton Kinetic Works Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include Los Angeles Chamber Choir Inc ($70k), Florida Ocean Alliance Inc ($70k) and Arts Center Foundation Inc ($70k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 46% and program service revenue 31% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.